I'd been thinking (maybe a little too much lately)about establishing a car fund. I drive a 2001 Suzuki GV XL7 that has not hit the 50,000 miles yet. We plan to keep this car 'till it dies. The SUV looks great and thus far in great shape (my husband is a car buff and takes great care of it). Thinking ahead, I'd like to start putting money away so that we can pay cash for a new car when the time comes. We have a truck loan now at 0% interest for 7 years and even though we pay no interest, I really hate making the $394.00 a month payment. Do you think this is a good plan?
A car fund?
January 23rd, 2009 at 05:15 pm